Property
Cebu panel clears Monterrazas development to proceed
A Cebu City technical committee has recommended allowing the 118-hectare Monterrazas de Cebu development to proceed after finding that its inspected water-retention facilities exceed design requirements, according to developer Mont Property Group.
Federal Land expands BGC residential footprint
Federal Land Inc. is expanding its residential footprint in Bonifacio Global City with the opening of Aki Tower, the third residential tower of The Seasons Residences, as demand builds around the mixed-use district.
MREIT secures SEC nod for P27B asset deal
MREIT Inc., the real estate investment trust of Megaworld Corp., has secured Securities and Exchange Commission approval for its P27-billion Wave 5 property-for-share swap, clearing the way for its largest asset acquisition and pushing assets under management to about P122 billion.
Market! Market! gets 12-year lease extension, P1-B upgrade
Market! Market! will remain a major commercial and transport hub in Bonifacio Global City for more than another decade after the Bases Conversion and Development Authority (BCDA) and Ayala Land Inc. secured a 12-year lease extension backed by a P1-billion modernization program.
Philippine hotel pipeline to exceed 40,000 rooms
The Philippine hotel industry is poised to expand its investment pipeline beyond 40,000 rooms over the next five years, underscoring developers’ longer-term confidence in tourism despite mounting geopolitical and travel-cost risks.
